Best and Cheapest Homeowners Insurance in South Carolina for 2024

As a homeowner, you don’t want to be stuck wondering if your home insurance company will help you out if you have a claim for damage. Unfortunately, there are a number of things that may lead to a claim, ranging from storm damage to a break-in or even an injury to a third party. Don’t you want to have peace of mind that you have one of the best South Carolina homeowners insurance companies to protect your home?

To help you be more confident in your homeowners insurance company choice, we have reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best South Carolina home insurance companies. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance. Next to each insurer you’ll find the company’s rating, which is based exclusively on the reviews and ratings provided by customers. Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the best South Carolina homeowners insurance rankings.

If you’re looking for additional information on one of the best homeowners insurance companies in South Carolina, you can visit the company’s profile page where you’ll learn about the company, additional coverages and potential discounts offered. You can also read reviews to see what other policyholders have to say about the home insurance company.

On this page:

• Cheapest homeowners insurance rates in South Carolina for a $200K dwelling
• Cheapest homeowners insurance rates in South Carolina for a $400K dwelling
• South Carolina crime statistics
• South Carolina disaster statistics

Who offers the best homeowners insurance rates in South Carolina for a $200K home?

Among the companies analyzed, State Farm is the cheapest homeowners insurance option, on average, for a South Carolina home worth about $200K.

Below you can check out average homeowners insurance rates for a $200K home from the top five most popular companies in South Carolina.

These rates are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in South Carolina will differ. Rate data is provided by Quadrant Information Services.

Who offers the best homeowners insurance rates in South Carolina for a $400K home?

Out of the companies analyzed, State Farm provides the cheapest homeowners insurance, on average, for a South Carolina home worth about $400K.

In the table below, you can compare average homeowners insurance rates for a $400k home in South Carolina from the five largest comapanies in South Carolina by market share.

These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in South Carolina will differ. Rate data is provided by Quadrant Information Services.

What do South Carolina property crime statistics indicate?

Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. So, how does crime in South Carolina compare to other states around the country? The FBI published the following statistics on crime in South Carolina for 2016:

• Property crime - 160,928
• Burglary - 32,976
• Larceny theft - 114,032

When compared to the national average rate per 100,000 inhabitants, all three crime statistics for South Carolina rank above the national average.

What do South Carolina disaster statistics indicate?

Weather-related incidents are typically among the costliest homeowners insurance claims. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the South Carolina federally declared disasters since 1953:

• Hurricane - 13
• Severe ice storm - 5
• Fire 4
• Flood - 3
• Severe storm - 3
• Tornado - 1

How are homeowners insurance rates calculated in South Carolina?

Ever wonder why you pay what you do for home insurance? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners insurance in South Carolina may not be as obvious. Here’s a list of some of the things homeowners insurance companies consider when quoting you a rate:

• The level of coverage required
• The size of your mortgage
• Your credit score
• The square footage of your home
• The geographic location of your home in South Carolina
• The condition of your home
• The age of your home
• The proximity of your home to a fire station
• Your previous claims record
• The amount of your deductible
• Optional add-ons like umbrella insurance

Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value.

South Carolina insurance costs is a bit less than the national average home insurance premium for the same amount of coverage. Homeowners in South Carolina also have lower average costs for home insurance compared to surrounding states. The likelihood of being affected by strong storms may be less compared to other states such as North Carolina and Georgia, but living in this coastal state also carries certain risks.

Homeowners should be aware of the most common causes of insurance loss in order to choose the coverage that best protects their finances against threats and catastrophic losses. The biggest risks of home damage in South Carolina are usually weather-related events such as hurricanes, wind damage and flooding. Other common causes of loss include: wildfires, tornadoes, theft, and earthquakes.

Home insurance coverage options in South Carolina include some of the most common coverage types such as dwelling coverage, liability coverage, personal property coverage and additional living expenses coverage. But a basic homeowners policy may offer enough protection, so homeowners should consider purchasing additional coverage choices for extra protection. Optional coverage includes: flood insurance, earthquake coverage, and water backup coverage.

It's a good idea to discuss your situation with an insurance agent to help you choose the appropriate coverage that fits your insurance needs.

How does Clearsurance rate and rank the best homeowners insurance companies in South Carolina?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

• Likelihood to recommend

Homeowners Insurance Guide

Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best South Carolina homeowners insurance companies. But beyond just picking a company, it’s crucial to have the right coverage and to understand that coverage. Did you know that a standard homeowners insurance policy has six types of coverage? And did you know that there are usually 16 types of perils found in a homeowners insurance policy?

At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. And for more educational content on other homeowners insurance topics, check out our homeowners insurance blog!